Topic: Why bank need cheap loan as low as 0% to make profit?? (Read 477 times)

My prediction 16 years ago all come true
16 years ago I predict:
Interest rate would goes all the way down until zero bingo
USD would forever the king currency bingo
Stock market is long dead bingo
QE won’t stop forever bingo
Market crash in 2008, next would be 10 years later cycle in 2018, they managed to delay to 2019 bingo
And my belief still hold true even today

The next prediction I made:

Investment result is not an accident, they had rigged well who is winner who is loser and completely rigged, it defeat the purpose of investing completely, it’s not even a gamble anymore, but outright a rigged outcome. Winner: vaccine producer, weapon maker, food chain.

The bank are the offender, we are the defender, they launch the wars on us, not the other way around, we don’t destroy bank, the bank destroy us, and they would continue to destroy us forever

The government destroy the stock market, they can’t wait and watch the gun sales collapse, hence they spread FUD and rattle the stock market to the point the market is completely dead, only the weaponry business could survived.

Conspiracy theory is 100% correct, and government would continue to censor them and call it fake news.

What about the next 10 years will it be the same? How do you protect yourselves?

Also my insight on don’t get a job don’t invest don’t use bank don’t do anything at all, I would never change that too, they’re all pretty accurate even after ten years later.

All the prediction above I had strong belief it wouldn’t change for the next 100 to 1000 years.

That’s all my suggestions, it’s very clear.

Banks are charging fees in your country and not giving any interest in deposits because they want/are encouraging their people to not save money in bank and start investing those money in the economy. This in turn gives the economy a boost. These are the monetary policies that are applied by the government if they sees that the future of the economy is going be bad. Helps avoid recession.

The banking model is like this:

Banks collect money from the individual, small business, large corporations and rotate the same money into the market when they loan it. It's not just that small banks get money from the central banks but actually money flow is from the savings account.

Bank charge from 6% to 13% in different range depending on for what purpose the loan has been taken. For example, personal loan is as high as 13.5% while home loan could be 8-10%.

Moreover, bank has to give % interest to every savings account which is around 4-5% based on age of the person. Where seniors get highest range and other group gets 4.5% interest on their savings.

So this is the money they use for loans.

Bank gets the profit from the difference of this rate and loan rate.

So you want to destroy the economy as such simply because it is built on competition and movement? And what do you suggest? Give everyone money just like that and make products, training, all communications and many other basic things free? Or what is your suggestion? All that you have described is a reason to think once again about your actions before you commit them. Yes, mistakes are often painful and you have to pay for them, but this does not mean that you need to stand for universal communism and lack of competition simply because you do not have money for education here and now or because you can not buy yourself a marbled beef because you work at McDonald's.

Well that would be very obvious, nobody like getting lock down, nobody like getting pandemics, nobody like getting their food bill skyrocketing through the roof like nothing else (over 1,000,000% inflation rate), nobody like living a life that will constantly need to compete who has faster monetary velocity, nobody like to living on the hood that hey have a heavy loan just after leaving school this monetary system rarely reward the provider aka it punish the person who contribute to the world by being selfless, this system reward the crooked financial people, many university is under funded, many professor who invent great tech are under funded all of them need to living on extreme frugal yet need to make change to this ever rotten corrupted financial system, you can have plenty to hate on this system, how am I doing fare, good but I’m not doing great as before pandemics, because I’m always compete outsmart the system, for many of the people around me they’re not so fortunate, but would you want to help them?

And what is the bank's fraud? The fact that he gives you the money you need today and asks you to return a little more for it? Or is it that he offers to take your money today and give you back a little more tomorrow?
What is your complaint against banks as such? Except for the failure in 2008-the fault here, I believe, is not that in the banks as a whole, but rather in the people themselves and in the fact that we all want to somehow earn a comfortable eldery and no more.
you don't go saving every homeless person from a thunderstorm when it starts. You are sitting in your own house/apartment with a cup of tea, do you?

6-10% interest rate? WOw, I think that it is a very big amount of the interest rate that the bank needs. However, I ever know about the high-interest rate but only for property loans like in my country. However, if it is for a  am business, there should not be that high amount. But I don't know where you live so that I will not judge it true or not. It may be different from one to other banks.

Additionally, a bank with zero interest? EVen a central bank by the government in my country still get the interest although it is very small like zero point - 2%.

Commonly the banks will need a high rate and even with that around 2% interest rate, the banks are still having profits. Imagine tht we also deposit our money in banks and they make our deposits for loans to other people and they get profits from the loans as many as they can and we do not get anything or ol]nly very few banks. That is why this becomes one f the reasons why Bitcoin is created.

They’re going around and tell everybody there ain’t free lunch in the world, everything has to pay for it, yet they are having free meal and pay for nothing? I think it’s a completely rip off, they pay for nothing while we all pay for hyperinflation, even hyperinflation isn’t the end of that, they’re gonna kill it post hyperinflation, that might not impact anybody else, they said everything is fine the interest rate for you and business is fine, we are fine too.

Michael Saylor the Microstategy was calling bitcoin a online gambling a.k.a the casino too, but look what his narrative today? Whether bitcoin is a scam or it’s a pin to debunk a greater scams, we shall see the result very soon, I’m not calling bank is the greater scams that required some rude awakening, just a guess work.